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Essay Details:
Essay text:
Dept. HHS $15,000 $15,000
Transferred funds A&C Supplies $3,000
Subtotal $15,000 $15,000 $3,000
Total Revenues $56,750 $56,750 $3,000
Expenses
Program Services $63,400
Supportive Services
Management and general 7,925
Fund-raising 7,925
Total Expenses $79,250
Excess of Revenue over expense $79,250
Net assets, beginning of year $ 0 $ 0 $ 0
Changes in net assets $79,250 $76,250 $3,000
Net assets, end of December $79,250 $76,250 $3,000
Computed at 80 percent.
Computed at 10 percent.
Computed at 10 percent.
Statement of Financial Position
(Balance Sheet)
July 1, 20XX
Assets
Current Assets
Cash (unrestricted) $22,000
Accounts receivable 1,350
Arts and Craft Supplies 1,000
$24,350
Noncurrent Assets
Cash (Temporarily Restricted) $3,000
Total Assets $27,350
Liabilities
Current Liabilities
Accounts payable $1,500
Noncurrent Liabilities $ 0
Total Liabilities $1,500
Net Assets
Unrestricted $76,250
Temporarily Restricted $3,000
Total Net Assets $79,250
Total Liabilities and Net Assets $80,750
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Common topics in this essay:
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